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WEEKLY NEWS | 03 APRIL 2023 | 192


CYS Special Feature
CYS Bowling Day

Team bonding events can be a great way to encourage deeper team bonds, improve communication, and create shared experiences that can lead to a stronger, more cohesive team. Last sunny Saturday morning, with the  ......

Economy News
China spent $240 billion bailing out 'Belt & Road' countries, study shows

JOHANNESBURG, March 28 (Reuters) - China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building "Belt & Road" infrastructure, according to a study published Tuesday.

      Almost 80% of the rescue lending was made between 2016 and 2021, mainly to middle-income countries including Argentina, Mongolia and Pakistan, according to the report by researchers from the World Bank, Harvard Kennedy School, AidData and the Kiel Institute for the World Economy......


The U.S. is a magnet for the world’s dirty money, financial crime experts say, as they weigh in on how vulnerabilities in America’s anti-money laundering laws counter the country’s efforts to aid Ukraine in its defense against the Russian invasion.

Illicit proceeds equal an estimated two percent of U.S. gross domestic product, according to findings in the Treasury’s 2022 Strategic Action Plan. Russian oligarchs, experts note, contribute to this problem by funneling......

Compliance News
U.S. Anti-Money Laundering Vulnerabilities Counter its Efforts to Aid Ukraine, Experts Say
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Wall Street falls while bond yields rise with gold
Money News

NEW YORK March 28 (Reuters) - Wall Street's major indexes closed lower on Tuesday while Treasury yields and gold advanced as investors worried that the U.S. Federal Reserve would......

CYS Global Remit | Currency Live Rate

Image rates are updated on 31 March 2023. Contact CYS for more enquiries about currency exchange rate.

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